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Homeless Man in Texas Finds $77,000, Gets to Keep It

A Texas city council ruled this week that a homeless man who found $77,000 worth of gold collectible coins and $100 bills in a river could keep his treasure.

Bastrop City Council voted 6–0 Tuesday night that the money Timothy Yost found while washing his feet in the Colorado River Jan. 18 belonged to him. The city has had possession of the money since that time.

“It was a considerable sum of money, and we anticipated it would draw a fair amount of attention,” Bastrop Mayor Terry Orr said. “The city could have kept the money, because no one came forward to claim it, but we elected not to do that. It’s clearly Mr. Yost’s.”

Yost, 46, said he was close to Fisherman’s Park when he found the money in a bag. He told police he’d kicked it, and the bag made a weird sound. When he opened it up, he found 70 $100 bills and 40 Krugerrand gold coins from South Africa inside…

“No Country For Old Men”? Thank you newspaper for giving his full name and location where he found the loot.

jkebeans

Hope he uses it well. Put it in the bank!

http://buzzcoastin.posterous.com BuzzCoastin

J.P. Morgan/Chase fer sher.

But first he has to liquidate the gold;
get an accountant to file his estimated tax form with IRS;
obtain an address so as to open the account;
pay about 40% to the IRS, Medicare & SS
lone money to his loser friends
and then Captain Morgan, here he comes.

http://www.facebook.com/gregory.gerba Gregory George Gerba

thats cool and all but why the hell wouldnt he be able to keep it in the first place?

http://buzzcoastin.posterous.com BuzzCoastin

Pretty interesting indication of where the police state is at in Der Homeland,
a homeless guy turns in gold & cash to the police to see if its OK to keep.